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I have a network of 90 blogs and I'm making just under $3k month. If my math is correct, multiply # of blogs and income by 6 and I should be making just under $18k a month.
I do this part time (15 hours a week). I don't really do any keyword research, but I target a specific niche for each blog. Blogs are updated once a month and the biggest ones up to 3 times a month. I try to get as many relevant backlinks as possible. Average traffic is 100 hits a day per blog. Some get 2k and some get 15.
When I first saw MP's blog project and stats, this really motivated me and my revenue has doubled since last year. I believe I'm on the right track.
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